Unizan Financial (NASDAQ:UNIZ)
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Unizan Financial Corp. Announces Shareholder Approval of the
Merger with Huntington Bancshares and Second Quarter Dividend
CANTON, Ohio, May 25 /PRNewswire-FirstCall/ -- Unizan Financial Corp. , today
announced that Unizan shareholders approved the merger with Huntington
Bancshares Incorporated . Of the 78.31% of Unizan shareholders voting, 98.22%
voted to approve the merger. On January 27, 2004, Columbus, Ohio-based
Huntington and Canton, Ohio-based Unizan announced the signing of a definitive
agreement to merge the two organizations. Under the terms of the agreement,
Unizan shareholders will receive 1.1424 shares of Huntington common stock, on a
tax-free basis, for each share of Unizan. The merger is expected to close very
early in July 2004, pending customary regulatory approvals.
"This strong shareholder approval of the merger confirms we have chosen the
right partner," said Roger L. Mann, president and chief executive officer.
"Both organizations view local decision making as key to meeting the needs of
our retail and commercial banking customers, as well as increasing the support
to the communities in which we do business. Unizan customers will continue to
do business with employees they already know and will benefit from Huntington's
expanded expertise, product offerings, and the convenience of more banking
offices and ATMs."
Upon completion of the merger, Huntington will have 366 offices, 724 ATMs and
deposits of approximately $20 billion as of December 31, 2003, on a pro forma
basis. In Ohio, Huntington would operate over 200 offices and 400 ATMs, with
deposits of approximately $12 billion as of December 31, 2003, on a pro forma
basis.
Today the company's board of directors also declared a quarterly cash dividend
of $0.135 per common share payable on June 21, 2004, to shareholders of record
on June 7, 2004.
About Unizan
Unizan Financial Corp., a $2.8 billion holding company, is a premier financial
services organization headquartered in Canton, Ohio. The company operates 43
full-service retail financial centers in five metropolitan markets in Ohio -
Canton, Columbus, Dayton, Newark and Zanesville. Through Unizan Financial
Corp.'s subsidiaries, Unizan Bank, National Association; Unizan Financial
Services Group, National Association; Unizan Banc Financial Services, Inc.; and
Unizan Financial Advisors, Inc., the company offers its client base corporate
and retail banking, Internet banking and wealth management products and
services. Additionally, the company operates niche businesses in government
guaranteed loan programs through its business lending centers in Cincinnati,
Cleveland, Columbus and Dayton, Ohio; Detroit, Michigan; Mt. Arlington, New
Jersey; and Indianapolis, Indiana; as well as aircraft lending centers in
Columbus; Orlando, Florida; and Sacramento, California. For more information
on Unizan Financial Corp. and its subsidiaries, visit the company on the Web at
http://www.unizan.com/ .
About Huntington
Huntington Bancshares Incorporated is a $31 billion regional bank holding
company headquartered in Columbus, Ohio. Through its affiliated companies,
Huntington has more than 138 years of serving the financial needs of its
customers. Huntington provides innovative retail and commercial financial
products and services through more than 300 regional banking offices in
Indiana, Kentucky, Michigan, Ohio and West Virginia. Huntington also offers
retail and commercial financial services online at http://www.huntington.com/ ;
through its technologically advanced, 24-hour telephone bank; and through its
network of nearly 700 ATMs. Selected financial service activities are also
conducted in other states including: Dealer Sales offices in Florida, Georgia,
Tennessee, Pennsylvania and Arizona; Private Financial Group offices in
Florida; and Mortgage Banking offices in Florida, Maryland and New Jersey.
International banking services are made available through the headquarters
office in Columbus and additional offices located in the Cayman Islands and
Hong Kong.
Additional information about the merger and where to find it:
Huntington and Unizan filed relevant documents concerning the transaction with
the Securities and Exchange Commission, including a registration statement on
Form S-4, which includes a proxy statement/prospectus. Stockholders will be
able to obtain a free copy of the proxy statement/prospectus, as well as other
filings containing information about Huntington and Unizan, at the Securities
and Exchange Commission's internet site ( http://www.sec.gov/ ). Copies of the
proxy statement/prospectus and the filings with the Securities and Exchange
Commission that will be incorporated by reference in the proxy
statement/prospectus can also be obtained, without charge, by directing a
request to Huntington Bancshares Incorporated, Huntington Center, 41 South High
Street, Columbus, Ohio 43287, Attention: Investor Relations, 614-480-4060, or
Unizan Financial Corp., 220 Market Avenue South, Canton, Ohio, 44702, Attn:
Media Relations, 330-438-4858.
Stockholders are urged to read the proxy statement/prospectus, and other
relevant documents filed with the Securities and Exchange Commission regarding
the proposed transaction, because they contain important information.
The directors and executive officers of Unizan and other persons may be deemed
to be participants in the solicitation of proxies in respect of the proposed
merger. Information regarding Unizan's directors and executive officers is
available in its annual report on Form 10-K filed with the SEC by Unizan on
March 12, 2004. Other information regarding the participants in the proxy
solicitation and a description of their direct and indirect interests, by
security holdings or otherwise, are contained in the proxy statement/prospectus
and other relevant materials filed with the SEC.
DATASOURCE: Unizan Financial Corp.
CONTACT: Investors, Roger L. Mann, President and Chief Executive
Officer, +1-330-438-1118, or +1-866-235-7203, or , or Media,
Sandy K. Upperman, Vice President, Corporate Communications, +1-330-438-4858,
or , both of Unizan Financial Corp.
Web site: http://www.unizan.com/
http://www.huntington.com/
Company News On-Call: http://www.prnewswire.com/comp/127633.html